The Virtual Experience Top-5: Innovation Award Winners
Our Virtual Experience 2020 event is all about bringing innovation to you and sharing new ways to accelerate your digital mortgage journey. At the forefront of this innovation, several of our customers have set themselves apart and delivered cutting-edge technology that is literally shaping the present and future of our industry.
The Ellie Mae Innovation Award is bestowed upon those mortgage lenders and partners who are pushing the envelope and creating extraordinary solutions using Ellie Mae technology. This year, we are thrilled to celebrate our winners in the following categories:
1. Digital Mortgage Automation – Home Point Financial
Home Point utilized Ellie Mae AIQ™ to help optimize their mortgage lifecycle. They anticipate a 25% improvement in underwriter productivity, thanks to AI-powered automation.
2. Best Use of Data – Paramount Residential Mortgage Group (PRMG)
PRMG collaborated with Ellie Mae to build an automated loan estimation solution. As a result, they experienced a 50% improvement in underwrites per underwriter, per day, and savings of $2 million.
3. Outstanding Consumer Engagement – Securityplus Federal Credit Union
Using Encompass LO Connect™, Securityplus gave their LOs full pipeline visibility and increased revenue generation by 50%. They also reduced loan production time by 6-8 hours, and trimmed loan processing time to 14 days.
4. Process Innovation – Wyndham Capital Mortgage
Wyndham worked with Ellie Mae and HPA, a Cognizant Company, leading RPA provider and Ellie Mae integrated partner, to improve the mortgage approval process and enhance the customer experience. As a result, they reduced loan closing time by 20 days and dropped costs 33% below the industry average.
5. Lenders’ Choice for Innovation – Arch Mortgage Insurance Company (Arch MI)
Arch MI actively works with Ellie Mae to make it faster, easier and more cost-efficient to insure mortgage loans. Their customers typically save 20 minutes per loan file, over the life of the manufacturing process.
For even more insight into our Innovation Award winners’ stories, check out these quick videos we put together to showcase how these market leaders took their digital mortgage to the next level. Click here to watch the videos now.
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